Group of Seven agree to provide aid worth 6.3 billion dollars for Iraq

By Ziad al - Haidari 6 hours ago

Roudao - Erbil

Grand Group of Seven industrialized nations leaders agreed at a summit in Japan on Friday, to raise 6.3 billion dollars in aid package for Iraq, where this funding is intended in part to help the country in the fight against terrorism and address the causes of migration.

The leaders said in a statement that this funding is primarily designed to support Iraq's efforts "to deal with financial challenges and strengthen the economy through reforms" in coordination with international institutions including the International Monetary Fund.

Merkel added that the funding will include 500 million euros ($ 560 million) in the form of a credit Germany, which had announced several weeks ago.

She told German Chancellor Angela Merkel told reporters that before the Group of Seven decided to focus this year, "especially to Iraq," one of the main countries from which the refugees. She added that the group will provide assistance worth 3.6 billion euros. She Merkel "We are confident of the need to impose stability in Iraq and we want to support the Prime Minister Haider al-Abadi efforts."

Group of Seven nations Russia leaders also condemned the "illegal annexation" of Crimea from Ukraine and threatened further action against Moscow but said the sanctions could be reduced if Moscow carried out the agreements Minsk and respected the sovereignty of Ukraine.

In a statement at the conclusion of their meeting, which lasted two days in central Japan, leaders of the Group of Seven also called on North Korea to comply with Security Council resolutions of the United Nations and the moratorium on nuclear testing and the tests of the rocket fire and "provocative acts" other.

On the deep reforms to their communities and their economies, the leaders of the seven countries said they vow to "pay structural reforms to stimulate growth and energy production and provide ideals by raising structural challenges."